14% Of Americans Have Negative Wealth

According to the New York Federal Reserve, 14% of the U.S. population lives in households that have “negative” wealth. In other words, these are households that have more debts piled up than assets, which puts their net worth in minus territory.

But what does a negative wealth household look like?

In the following chart, VisualCapitalist's Jeff Desjardins compares the data on negative wealth households with the data on their positive counterparts. There are some obvious and stark contrasts...